This represents a per share loss of 90 cents, an amount expected by analysts.

The turnover of the first U.S. bank by assets is much lower, 55%: it stood at 13.24 billion, where analysts expected 12.34 billion, against 29.2 billion the year.

Excluding items, the bank a profit of 33 cents per share.

Bank of America announced in late June that it would pay 14 billion to settle litigation arising from its subsidiary, Countrywide Financial, one of the main protagonists of the scandal loans “subprime” behind the 2008 crisis.

She believes “you have saved enough reserves to cover a substantial portion of its exposure,” said a statement from the group.

The loss of its real estate division totaled 14.5 billion, against $ 1.5 billion last year.

“These charges were partially offset by reduced credit costs, profits from the sale of non-core assets and debt securities, an increase in sales activities and trading of rates and management of assets and investment banks higher, “notes the establishment.

Provisions for credit losses decreased by 60% in the second quarter to $ 3.3 billion, reflecting “higher rates of delinquencies, collection and bankruptcy” and “improving economic conditions.”

The results of the group “continues to suffer from the obvious cost we absorb to address issues related to the mortgage,” said the director of Bank of America Brian Moynihan, quoted in the statement.

“We continue to reposition ourselves for the future,” said Chief Financial Officer Bruce Thompson, in a conference call with analysts.

“The benefits outside the real estate division produce attractive returns,” he added.

The credit card division reported a profit of 2 billion, nearly tripling over the past year, with a turnover of 5.5 billion.

Asset management and investment 506 million reported a profit increase of 54%.

The commercial bank has in turn earned $ 1.4 billion (+70%), for a turnover of 2.8 billion.

The profits of the division related to investments and markets grew by 73% to $ 1.6 billion.

The custodian bank recorded a profit of 430 million, down 36% to a turnover of 3.3 billion.

The ratio of Tier One Common, measure of financial strength, stood at 8.23%, down slightly from the previous quarter.

“We do not need to raise capital” to meet the objectives of the new banking regulations known as Basel III, Brian Moynihan said at the teleconference.

Basel III regulation, adopted in September 2010, central bankers and bank regulators, banks require an increase in their capital.

The action of the bank ( BAC ) gained 0.21% to $ 9.74 on the New York Stock Exchange to 9:45.